Fiscal Compliance Sample Clauses

Fiscal Compliance a) Request for Reimbursement (RFRs) shall be submitted to City by the 15th calendar day of the month following the month during which services were provided, or the first business day thereafter, using a template provided by City. Contractor shall provide supporting documentation, including:
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Fiscal Compliance. R2R has a core team focused on peer-reviewed and defined research and broader engagement activities. All team members must ensure that all expenditures align with the merit-reviewed proposal, NSF-accepted strategic plan, and award terms and conditions. This fiscal responsibility includes expenditures incurred as cost match (20% required), whether these are ‘real dollar’ expenditures or in-kind support. The cost-share or match must come from non-federal sources. Cost-sharing reports must be submitted on an annual basis to our NSF Program Officer. We must maintain records of all project costs that are recorded as cost-sharing. We must also submit an Annual Report to report all expenditures and obligated funds. NSF requires VI-EPSCoR to submit a spending plan with a timeline for non-obligated funds upon submission of the annual report. The spending plan must be approved by our Office of Sponsored Programs and submitted to our NSF Program Officer for approval of carry-over funding. Fiscal collaboration: As long as project outcomes and success per NSF oversight are sustained, annual subawards and individual research component budgets developed as part of the proposal can be relied on over the five-year award. (Note that the R2R project is a cooperative agreement, and any NSF-directed changes to the project scope of work may result in changes in individual investigator annual budgets.) This commitment to maintain individual research component budgets and focus on a small team requires a fiscally collaborative culture. Each awardee needs to be realistic with annual expenditures and open to sharing resources when not needed. Throughout the grant cycle, the VI-EPSCoR Administrative Team provides each research area with an update on spending on a monthly basis. We have to report project spending to NSF at a high level of detail, including how funds link to specific project work. Transparency and ongoing communication with the Management Team (Program Director, Assistant Director, and Budget Manager) and about how award funds are used and about projected spending is required for every funded participant on the project. R2R’s Budget Manager conducts bi-weekly reconciliations and works very closely with our Grant Accountant to ensure expenditures are accurate and to request financial reports.
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Fiscal Compliance. Number of Financial Change Orders _ Original Contract/Award Value $ Dollar amount of increase (decrease) $ Percent of increase (decrease) % Reason for increase (decrease) _ MANAGER/DIRECTOR REVIEW: Title Signature
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Fiscal Compliance 
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Related to Fiscal Compliance

  • OSHA Compliance To the extent applicable to the services to be performed under this Agreement, Contractor represents and warrants, that all articles and services furnished under this Agreement meet or exceed the safety standards established and promulgated under the Federal Occupational Safety and Health Law (Public Law 91-596) and its regulations in effect or proposed as of the date of this Agreement.

  • FERPA Compliance In connection with all FERPA Records that Contractor may create, receive or maintain on behalf of University pursuant to the Underlying Agreement, Contractor is designated as a University Official with a legitimate educational interest in and with respect to such FERPA Records, only to the extent to which Contractor (a) is required to create, receive or maintain FERPA Records to carry out the Underlying Agreement, and (b) understands and agrees to all of the following terms and conditions without reservation:

  • GAAP Compliance Contractor maintains an adequate system of accounting and internal controls that meets Generally Accepted Accounting Principles.

  • CEQA Compliance The District has complied with all assessment requirements imposed upon it by the California Environmental Quality Act (Public Resource Code Section 21000 et seq. (“CEQA”) in connection with the Project, and no further environmental review of the Project is necessary pursuant to CEQA before the construction of the Project may commence.

  • General Compliance This Agreement is intended to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A.

  • HIPAA Compliance If this Contract involves services, activities or products subject to the Health Insurance Portability and Accountability Act of 1996 (HIPAA), the Contractor covenants that it will appropriately safeguard Protected Health Information (defined in 45 CFR 160.103), and agrees that it is subject to, and shall comply with, the provisions of 45 CFR 164 Subpart E regarding use and disclosure of Protected Health Information.

  • ADA Compliance A. The Americans with Disabilities Act (42 U.S.C. § 12101, et seq.) and the regulations thereunder (28 C.F.R. § 35.130) (“ADA”) prohibit discrimination against persons with disabilities by the State, whether directly or through contractual arrangements, in the provision of any aid, benefit, or service. As a condition of receiving this Agreement, the Company certifies that services, programs, and activities provided under this Agreement are and will continue to be in compliance with the ADA.

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